Member Info for Fozdog

Jeez its like reading a punters bulletin board over investors!
Let it trade how it does, funding is finally sorted.
Yes im gutted it wasn't done when we were on a bull run, could have been done in 50s with a better board.
But its done, time to move on. It always trades poorly in morning and better in US hours.

Remember we report on 3rd March, if was going to get done ahead of that we had literally another week to settle in time before blackout. I thought his comments saying commence from exploration to production and reiterating 2023 should mean we are set to become a producer.

Agree John, only time you will see 45p!!

Evan you can’t put in sipp or isa only dealing account

got the link please?

Stroga not sure relevance of your post?
First tesla car was 2008 and Sp did nothing for over 10 years.
So what's your point 2015 investment thesis should apply now?
Disagree on JV and its not 'new' its exercised. I don't believe any finance is needed for BCN from here on Stage 1 so pretty content to waiting for update.

Back to the numbers....

420mn anticipated (lastest slide pack), 210mn is gangfeng, 150mn from rk, 25mn hanwa.

That left 35mn $ this payment is roughly $30mn and cash in bank needs 0 capital raise needed?

Its in both BCN and Gangfeng's interest to get this going - Not run any risk of regime changes and licenses etc.
Gangfeng do not have any control over the mining licenses only BCN and this is categorically clear as a large driver for getting into production sooner than later. Gangfeng are hugely incentivized with BCN as a result of these licenses.

nullifies the argument somoni posted other day about possibility of Gangfeng concentrating elsewhere.

Manson the only thing that im annoyed with and commented while back on....as a CEO and CFO strike when iron is hot and when market is exuberant.
Why on earth we haven't got the financing sorted when was in the 60s has driven me a little mad.

Now of course if we get March update and they say we have agreed a facility, no rights issue or placement needed and report a fantastic update...then all will be forgiven!

Where as ill be livid to see a placement in the 40s.

the prob is the bid/offer is massive also, you try lift any size they go and run a mile. So vol will persist till news, again not concerned just annoyed with myself for not trading broader market via bcn but hey ho, long terms means long term!

one would think when you do a corporate presentation in middle of Jan, you have a good story to sell and should help the sp! The financing seems so tiring to me, it should have been such a simple process executed at the right time. The numbers haven't changed, there is no concern.

Literally the only thing I can justify with...last 5 days gangfeng stock is -15%, were -22% so in the scheme of things about right no?

or month end...its actually held by a lot wider audience now which is a strong positive

anything to do with ETF? Sort of feels a bit like it maybe im wrong.

2.5 years ago is not relevant to this now. Look were both on the same side of this, im not concerned, just was hoping to not have to add from a fall but nothing in my investment thesis has changed. Its a great level to buy could pull back further, then go again! Nothing relevant to me till Q1 and hence im waiting on march. Blackout 2 weeks ahead of 3rd March not long to wait.

Bluegrass ramping I mean more statement of the market ie 'rampant' is more what I mean. I disagree the move in Dec was due to stock markets being undervalued I still believe it was wall of cash that needed to go into assets that pushed it on too quick. BCN will remain undervalued until we have finance packaging sorted for end of q1 as promised.
Yes the new flows is positive here but you are getting a little too caught up in one stock v broader, like you I don't agree selling here and its an add.
You could have argued Dec was about vaccine and reopening trade, well all that's been delayed so Dec upside has to be taken out. The S&P in dec was 3650, its 3775, we were 44 in Dec. I don't think were going there but to put some perspective on it, its about right the move for now.

Nothing has changed fundamentally in the same way nothing had changed when everything got ramped higher in Dec.
Its profit taking and its healthy, there was a lot of buying in block sizes into the 60s and i would expect some averaging down soon. Not concerned at all but the market pull back flagged couple weeks back, let it get through month end and see where we are with the US.
I certainly wouldn't want to be out this share into March and definite not into the G7 summit in Cornwall.

weak holders and being pushed down....its a buy

its buy time imo

Bluegrass Im using my own analysis and making assumptions so year some best efforts I prefer to call it sophisticated guesswork!!
That was my view on the moves where I thought market could move down to, beta adjusted I don't think any market should be up this year and ftse was up 4%.
FTSE now heading back to flat, if I beta adj to BCN and v other miners that's where I thought as a best assumption would fall to.
Market was flying in December on hype, in reality ever since Biden has announced positive policies we've had nothing but pull backs so like usual market horrifically technical market.
I am a long term holder since Nov 18, highest price paid 51, lowest 15.3 when that poster on here was claiming dumping all his stocks last year banging on about covid.
Nothing has changed for me on this stock but the technical in it, iv been clear my belief was a pull back and thus wasn't adding. I also am kicking myself for not selling for the reasons you state below, news at any point.
I know everyone that's long prefers just endless ramping, but I have been right so stop trying to belittle it.

Tbh placing makes the most sense, rights issue I just hoped would be better for broader market and now lithium America’s done it why not. I was hoping no cash needed at all...that would be ideal.